| Question And Answer | |
|---|---|
| Subject: | Issue of share at price lower than NAV by pvt ltd co |
| Category: | Income-Tax |
| Querist: | BKS |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Issue of shares, lower than NAV |
| Date: | December 2, 2022 |
Will this attract any tax liability ?
As the receipt of shares is without adequate consideration, the same can trigger section 56(2)(x) of the Act in the hands of the recipient.
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